The income statement for Wyoming Communications follows. Assume Wyoming Communications signed a 120-day, 4%, $ 6,000 note

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The income statement for Wyoming Communications follows. Assume Wyoming Communications signed a 120-day, 4%, $ 6,000 note on June 1, 2015, and that this was the only note payable for the company.


The income statement for Wyoming Communications follows. Assume Wyoming Communications


Requirements
1. Fill in the missing information for Wyoming’s year ended July 31, 2015, income statement.
2. Compute the times-interest-earned ratio for thecompany.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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